Public market insider buying at ARC Resources (ARX)

Public market insider buying at ARC Resources (T:ARX)

Christopher David Baldwin, a Senior Officer, acquired 9,378 Common Shares on an indirect ownership basis for registered holder BMO Nesbitt Burns at prices ranging from $10.670 to $10.680 on November 21st, 2018. This represents a $100,121 investment into the company's shares and an account share holdings change of 41.7%.

ARC Resources is in the Oil & Gas Exploration and Production Sub Industry Group under the Energy Sector.

ARC Resources Ltd is a crude oil and natural gas company. It is engaged in the exploration, development and production of crude oil and natural gas in Canada with an emphasis on the development of properties with hydrocarbons in place, commonly referred to as resource plays. Its properties, North Pembina Cardium Unit No. 1 (NPCU 1), Berrymoor Cardium Unit and Lindale Cardium Unit, are located in the Pembina Cardium field. Its Ante Creek property is located within the oil prone Montney trend, and produces a mixture of gas, oil and liquids. The Swan Hills property provides exposure to the Slave Point carbonate reef, which produces oil. Its South Central Alberta area includes a range of assets from southern and central Alberta. The Redwater field, located in central Alberta, produces light crude oil. The Company's Dawson Phase III facility is designed for processing capacity of approximately 90 million cubic feet (MMcf) per day and over 7,500 barrels per day of liquids-handling capacity. ARC Resources Ltd. (ARX) has below median officer and director direct ownership compared to its mid-cap peers in the market, based on our estimate using SEDI data. According to regulatory filings yesterday, one insider has invested a total amount of $100,121.